I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.

Hopefully in two years they'll say the same about "people who own 1 or more bitcoin"

Will crypto win over fiat?Is BTC the winning crypto?

As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.

It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.

It is possible for crypto to be widely used and stay under 100,000$ in 2014$ per BTC for a while so you may become rich in a very long time if you only hold 1BTC

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.

Hopefully in two years they'll say the same about "people who own 1 or more bitcoin"

Will crypto win over fiat?Is BTC the winning crypto?

As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.

It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.

I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative.

When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.

i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money).

I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it.

The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating.

If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...

That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.

Bitcoin is the first project in a very very long time that rewards those who question and resist the system. As opposed to today where people who buy into the system are rewarded the most (politicians, their bureaucrat entourages and bankers).

If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...

That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.

Bitcoin is the first project in a very very long time that rewards those who question and resist the system. As opposed to today where people who buy into the system are rewarded the most (politicians, their bureaucrat entourages and bankers).

That itself is one very beneficial outcome.

There has been other projects recently but Bitcoin is the most successful project to achieve this.

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.

Hopefully in two years they'll say the same about "people who own 1 or more bitcoin"

Will crypto win over fiat?Is BTC the winning crypto?

As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.

It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.

I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative.

When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.

i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money).

I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it.

The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating.

More and more people use bitcoins, more innovation, time and effort are put in and around the protocole and the world wealth increases while the number of new bitcoins released everyday will reduce overtime; they won't deflate though except if you are thinking at the moment where all bitcoins will be mined to the last satoshi and that some people will lose their bitcoins

After reading this, the scale of black market and digital economies and the effect Bitcoin will have on them I am pretty certain we are going to be very wealthy men -- even with a sum as small as 10 Bitcoins. It's just so hard to believe. We are only in the beginning storms with these significant rallies from 10 to 20 dollars. I will not be surprised to see prices from hundreds to thousands in the coming months.

The world just isn't going to be the same and we have been blessed as the pioneers.

What are you going to do with your Bitcoin wealth once your coins hit upwards of $10,000 a pop?

Will if I have lots of BITCOINS, I will first buy clothes, jeans etc. Then buy a house and a car.Hehe Im just day dreaming. But I'm still looking for a way to earn bitcoins.

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.

Hopefully in two years they'll say the same about "people who own 1 or more bitcoin"

Will crypto win over fiat?Is BTC the winning crypto?

As long as the answer to both of these questions is positive, just hold any number above BTC1 and you will be rich, and anything over BTC0.1 will be doing well, anything over BTC0.01 is above average, since the average guys will have BTC0.001 or less.

It does not matter at all how much fiat someone has, until he buys BTC with it, he will have none.

I was just thinking that at some point this logic (that even BTC1 is hugely valuable) should become widely known. It hasn't crossed that line yet though. The sentiment still seems to be that it is somewhat risky and highly speculative.

When will the masses see the value in holding 1? I suppose this "knowledge" will be shown in the adoption rate but there might be a tipping point where it becomes more clearly obvious to a larger number of people.

i don't think it's speculative, it just feels as if BTC1 is not enough to feel rich and be able to live the life i want to life. (Go on holidays with friends without having to work for a 'boss' and without having to worry about money).

I feel i need at least about BTC10 to do that. But maybe i'll be surprised. I will still keep trying to increase my stash to as high as i can get it.

The problem with bitcoin compared to fiat is that you don't easily earn interest on it, unless you invest it, but so far most investments are pretty risky, so i only feel comfortable having a fraction of my bitcoins invested. Of course the upside is that bitcoins don't inflate nearly as much as dollars, and after a while they will even start deflating.

More and more people use bitcoins, more innovation, time and effort are put in and around the protocole and the world wealth increases while the number of new bitcoins released everyday will reduce overtime; they won't deflate though except if you are thinking at the moment where all bitcoins will be mined to the last satoshi and that some people will lose their bitcoins

Bitchick: Don't feel obliged to invest. In a free world, it is up to the individual to decide. Say you have some amount of money, and, divided on the number of years you expect to live, it is enough to have a good life. Then you are free to choose that. If it is not enough, or if you want to earn more for any reason, do invest.

The problem with the current system is that saving is in practise disallowed. Even if everyone has four times more resources now, compared to two generations ago, it seems it is not allowed to save and live a quiet life.